EURUSD - Daily - Is it forming a pennant?
Veeeeery interesting... It seems that it's forming a pennant. You know what happens after the pennant breaks? It normally is a continuation pattern. Even though I am the biggest skeptic ever and I really would like to see this pair to the downside, sometimes it's difficult to ignore these types of strong formations.
I really want a SELL on this, but I will wait for confirmation (the break).
I think that this could sell off a bit to about 1.13500, where it will meet it's support.
What I am really hoping for is that I know that it's a pennant, you know that it's a pennant and how it performs, and all the brokers know that it's a pennant. Brokers like to trade against us, so just be careful with that continuation.
Keep an eye on the price action!
I really want a SELL on this, but I will wait for confirmation (the break).
I think that this could sell off a bit to about 1.13500, where it will meet it's support.
What I am really hoping for is that I know that it's a pennant, you know that it's a pennant and how it performs, and all the brokers know that it's a pennant. Brokers like to trade against us, so just be careful with that continuation.
Keep an eye on the price action!
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And there'sour continuation...